macroeconomics

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The ECB cut all three key interest rates

The deposit rate was cut by 25 basis points to 3.5%

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Steel demand in Europe may improve only in 2025

European industry and construction are recovering too slowly

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The GDP of Ukraine in the 1st quarter grew by 1.2% q/q – State Statistics Service

Compared to the same period in 2023, the economy grew by 6.5%

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Eurozone and EU GDP grew by 0.3% q/q in Q1

Compared to the same period in 2023, the indicator increased by 0.4% in the Eurozone and by 0.5% in the EU

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Ukraine’s GDP grew by 5.3% y/y in 2023 – State Statistics Service

In 2022, the Ukrainian economy decreased by 28.8% y/y

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Germany’s GDP in 2023 declined for the first time since 2020 – by 0.3% y/y

The country's economy decreased under the influence of high inflation, rising interest rates, and a decline in economic activity

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The turnover of Ukraine reached almost $100 billion in 2023

During the year, the country imported goods worth $63.5 billion, and exported $36 billion

Ukraine’s economy is forecast to grow by 3-5% in 2024

Next year steel production may reach 7.2-7.5 million tons

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Industrial production in Ukraine increased by 2.4% y/y in January-September

Production in steel sector and production of finished steel products during the period fell by 3.6% y/y

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The volume of construction work in Ukraine increased by 21% y/y in January-September

Engineering structures became the driver of construction growth during this period, increasing the indicator by 34.4% y/y

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Ukraine’s GDP grew by 9.3% y/y in Q3 – State Statistics Service

Compared to the previous quarter, the country's economy grew by 0.7%

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The deficit of the state budget of Ukraine increased to UAH 145.1 billion in November

In October, this indicator was 98.4 billion UAH, and in September – 87 billion UAH

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